Zen Trader is a new automated trading robot for binary options that was released on November 1st 2016. If you have never invested in binary options, you must be aware that many of the trading softwares that you find online are very likely scams.
The first thing you should do, is read about the fake binary options brokers, and learn how the binary options scam works.
Warning! Most people lose money with a trading software like the Zen Trader.
You should take a few minutes and compare it first with OptionRobot.com.
Zen Trader Review
All algorithm trading software available today for trading binary options are free, when you use it with the recommended broker.
When we reviewed the new Zen Trader software, we found that it is not a unique trading software, and it has been used before by other companies, like Orion Code. The guys at Zen Trader Group simply renamed an old software, created a new video with babes in bikinis, and tell you it is going to make you a lot of money.
How to find the best software?
When you see a trading software that promises a daily profit amount, or a percentage win rate, you can be sure they are not being honest. A real company with a real trading software, knows it is against the law to make fake promises about success rates.
The proper way to compare robots, is by analyzing the actual products usability functions.
- Does it allow you to work with a legitimate broker?
- Can you manage risk with user controlled settings?
- Does the software have a demo mode?
Zen Trader Uses Bad Option Brokers
When you make a deposit into your account at Zen Trader, you should be aware that you are actually giving your money to a fake binary options website. Even worse, you will probably never see your money again, as they are offshore companies.
If you have already read about the binary options scam, then you know that each country has their own licensed binary option brokers. By using a software that randomly assigns you a broker, most of the time, you end up at an unlicensed offshore broker.
So remember, only use a regulated and licensed binary options broker! Please read Why you should use a Licensed Broker.
Popular Trading Robots
Warning: The only American licensed broker for binary options is at Nadex.com.
Read this article to see why the smart people only use a licensed broker.
Were you scammed by a binary options broker, or a bad trading software? Please share your experience in the comment section below.
The website to login to Zen Trader is at: https://zentradersystem.club/